Four big developments proposed in Miami Beach

Miami Beach officials will consider four significant development proposals over the next two weeks, including a condo tower, a hotel, and the demolition and replacement of pop artist Romero Britto’s studio.

In the largest proposal, Terra Group affiliate 8701 Collins Development LLC wants to build a 20-story, 64-unit condominium along the ocean. The 202,173-square-foot building would include 360-degree balconies, a reflecting pool on the ground floor, bridges leading to a garden and pool deck, 149 underground parking spaces, a gym and spa, and a rooftop terrace.

Kobi Karp is the architect on the Terra Group project.

Miami-based Terra Group acquired the 2.3-acre property at 8701 Collins Ave. for $65 million in 2013 from Dezer Properties. It currently has the nine-story Howard Johnson Dezerland hotel. The plan will go before Miami Beach’s Design Review board on March 3.

Apartments on Harding Avenue

Also to be heard on March 3, Shore Club Suites plans to build a four-story, 16-unit apartment building at 8204 Harding Ave.

The company, managed by Guy Smilovich in Port Washington, N.Y, acquired the 11,000-square-foot lot for $430,000 in 2011. The project would have 20 parking spaces. Ramos Architecture designed the apartment building.

Hotel off of Fifth Street

Sofi Partners wants to build a 24-unit hotel and a 30-seat restaurant at 426 Euclid Ave., which is along the city’s busy Fifth Street.

The four-story building would be called the Euclid Garden Hotel. The 13,892-square-foot project would have six parking spaces instead of the required 23 so the developer would pay a fee to the city. The Miami-based developer, which is managed by Roberto Colmenero and Carlos Porchetto, paid $2 million for the property in 2013.

Kobi Karp designed the hotel. His plans will be heard on March 10 by the city’s historic preservation board.

Britto’s Lincoln Road studio to be replaced

The Canadian developer who purchased the Lincoln Road building housing pop artist Romero Britto’s studio wants to demolish the building and replace it with a structure nearly twice as large.

In May 2014, Danny Lavy’s 818 Lincoln Investments paid $34.5 million for the 8,375-square-foot building on a 7,500-square-foot lot. It’s the home of the Britto Central gallery.

On March 10, the historic preservation board will consider the developer’s plan to replace it with a 16,869-square-foot retail building. STA Architecture Group designed the three-story building.

City staff said the building has no historical features that should prevent it from being torn down.

***** *****
Story by: Brian Bandell – Feb 27, 2015, 2:35pm EST
Photo Courtesy: Luis Iglesias – Miami Real Estate News Blog

Link to original story